Holding(s) in Company

Cairn Energy PLC
08 January 2008



TR-1: notification of major interests in shares

1. Identity of the issuer or the underlying      Cairn Energy PLC
issuer of existing shares to which voting rights --------------------
are attached:
-------------------------------

2. Reason for the notification (please tick the appropriate box or
boxes)                                                                   -------
--------------------------------------------
An acquisition or disposal of voting rights                              X
--------------------------------------------                             -------
An acquisition or disposal of financial instruments which may result in   
the acquisition of shares already issued to which voting rights are      -------
attached
--------------------------------------------
An event changing the breakdown of voting rights
--------------------------------------------                             -------
Other (please specify):__________________________________________         
--------------------------------------------                             -------

3. Full name of person(s) subject to the         BlackRock, Inc.
notification obligation:                         --------------------
-------------------------------

4. Full name of shareholder(s) (if different     N/A
from 3.):                                        --------------------
-------------------------------

5. Date of the transaction (and date on which    3rd January 2008
the threshold is crossed or reached if           --------------------
different):
-------------------------------

6. Date on which issuer notified:                7th January 2008
-------------------------------                  --------------------

7. Threshold(s) that is/are crossed or reached:  Gone below 13%
-------------------------------                  --------------------

8. Notified details:
-------------------------------                  --------------------




A: Voting rights attached to shares
Class/type   Situation previous to the   Resulting situation after the triggering
of shares    Triggering transaction      transaction
if possible
using the    Number of     Number of     Number Number of voting     % of voting
ISIN CODE    Shares        Voting Rights of     rights               rights
                                         shares
             Direct        Direct Indirect                  Direct Indirect

GB00B1RZDL64  18,280,621   N/A          N/A
              18,280,621                       16,912,746           12.93%
                                                N/A



B: Financial Instruments

Resulting situation after the triggering transaction
Type of     Expiration Exercise/     Number of voting rights that may   % of
financial   date       Conversion    be acquired if the instrument is   voting
instrument             Period/ Date  exercised/ converted.              rights


Total (A+B)
Number of voting rights                      % of voting rights

          16,912,746                               12.93%




9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:

BlackRock Investment Management (UK) Limited - 16,912,746 (12.93%)

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:

14. Contact name:

15. Contact telephone number:

Annex Notification Of Major Interests In Shares xvi

A: Identity of the person or legal entity subject to the notification obligation
Full name (including legal form for legal entities) BlackRock, Inc.
Contact address (registered office for legal        33 King William Street,
entities)                                           London , EC4R 9AS
Phone number                                        020 7743 2098
Other useful information (at least legal            Thomas Hone
representative for legal persons)

B: Identity of the notifier, if applicable
Full name
Contact address
Phone number
Other useful information (e.g. functional relationship with the person or
legal entity subject to the notification obligation)

C: Additional information





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